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Deluxe Ezra Company purchases equipment on January 1, Year 1, at a cost of $684,740. The asset is expected to have a service life of
Deluxe Ezra Company purchases equipment on January 1, Year 1, at a cost of $684,740. The asset is expected to have a service life of 12 years and a salvage value of $58,400 Compute the amount of depreciation for each of Years 1 through 3 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. $45,892.)
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